Vizsla Silver Corp. (NYSE:VZLA) Given Average Rating of “Buy” by Analysts

Vizsla Silver Corp. (NYSE:VZLA) has been given an average recommendation of “Buy” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.06.

A number of equities analysts have issued reports on the stock. National Bank Financial started coverage on shares of Vizsla Silver in a research report on Thursday, December 19th. They set an “outperform” rating for the company. Roth Mkm increased their price objective on shares of Vizsla Silver from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, BMO Capital Markets started coverage on shares of Vizsla Silver in a research report on Friday, January 24th. They set an “outperform” rating for the company.

Vizsla Silver Stock Up 0.9 %

Shares of NYSE:VZLA opened at $2.24 on Friday. Vizsla Silver has a 52-week low of $1.18 and a 52-week high of $2.40. The stock has a market cap of $642.02 million, a price-to-earnings ratio of -224.00 and a beta of 0.92. The business has a 50-day moving average price of $2.05 and a 200-day moving average price of $1.97.

Hedge Funds Weigh In On Vizsla Silver

Several institutional investors have recently made changes to their positions in the company. Accredited Investors Inc. acquired a new stake in Vizsla Silver during the third quarter valued at $30,000. Tidal Investments LLC acquired a new stake in shares of Vizsla Silver during the 3rd quarter valued at about $38,000. Sanctuary Advisors LLC acquired a new stake in shares of Vizsla Silver during the 3rd quarter valued at about $37,000. Heck Capital Advisors LLC purchased a new position in shares of Vizsla Silver in the 4th quarter valued at about $36,000. Finally, Two Sigma Advisers LP acquired a new position in Vizsla Silver in the 4th quarter worth about $55,000. 22.46% of the stock is owned by hedge funds and other institutional investors.

About Vizsla Silver

Vizsla Silver Corp. engages in the exploration, and development of precious and base metal assets. The company explores for gold, silver, and copper deposits. It owns 100% interest in the Panuco Project covering an area of 7,189.5 hectares located in located in southern Sinaloa, Mexico. The company was formerly known as Vizsla Resources Corp.